{"id":366284,"date":"2026-10-06T22:16:10","date_gmt":"2026-10-06T22:16:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/366284\/"},"modified":"2026-10-06T22:16:10","modified_gmt":"2026-10-06T22:16:10","slug":"skydance-shares-fall-in-new-york-stock-exchange-debut","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/366284\/","title":{"rendered":"Skydance Shares Fall In New York Stock Exchange Debut"},"content":{"rendered":"

\n\tShares in Skydance<\/a> Media fell 3% on Tuesday, their first day of trading on the New York Stock Exchange<\/a>.<\/p>\n

\n\tThe stock\u2019s new ticker symbol, SKYD<\/a>, is an update from PSKY, the one used for Paramount<\/a> Global shares. Skydance stock finished the day at $9.51 and has pulled back 15% since the merger of Paramount and Warner Bros. Discovery<\/a> under the Skydance banner was first proposed last February. Historical comparisons are not exact, as the stock used to trade on the Nasdaq<\/a>, though the context is considered valid by market watchers.<\/p>\n

\n\tAfter an eleventh-hour delay over the summer due to antitrust lawsuits filed by 12 states and the Writers Guild of America, the $110 billion merger finally closed Tuesday morning<\/a> before the trading day began. The combined company is starting off with $70 billion in pro-forma annual revenue and assets like CBS, HBO, CNN, Nickelodeon and the Warner Bros and Paramount film and TV studios.<\/p>\n

\n\tRELATED: List Of Warner Bros, Paramount Franchises & Titles Coming Together At Skydance<\/a><\/p>\n

\n\tThe deal initially saddles the company with $80 billion in debt, and the leverage ratio approaching seven times EBITDA has made some investors nervous. Credit ratings agency Fitch cut Skydance\u2019s rating<\/a> on Tuesday, citing the debt along with what it called \u201cstructural pressure on linear revenues, streaming competition and hit-driven content risk.\u201d<\/p>\n

\n\tRedBird Capital founder and Skydance board member Gerry Cardinale has acknowledged the scale of the debt but has said he is \u201call in\u201d on the deal, putting $4 billion into Skydance. He expects that the combined entity\u2019s combination of intellectual property, proven brands and technology-forward strategy will combine to increase revenue despite industry headwinds. Cardinale reminded attendees at a Bloomberg conference in L.A. last week that he is \u201ca growth guy.\u201d<\/p>\n

\n\tWhile CEO David Ellison and other executives met with employees on the Warner lot<\/a> and were scheduled to mingle with the media at a press event across town at Paramount, the management team has not yet made a full pitch to Wall Street. Accordingly, Tuesday\u2019s closing and \u201cDay One\u201d activities did not elicit an immediate wave of reports from analysts, who are poring over SEC filings and adjusting their estimates for the new company.<\/p>\n

\tMore from this Story Arc<\/p>\n

\t\tSkydance<\/p>\n","protected":false},"excerpt":{"rendered":"Shares in Skydance Media fell 3% on Tuesday, their first day of trading on the New York Stock…\n","protected":false},"author":2,"featured_media":366285,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4835,9,11,10,3971,3005,112419,9811,28052],"class_list":["post-366284","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-nasdaq","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-new-york-stock-exchange","tag-paramount","tag-paramount-wbd","tag-skydance","tag-warner-bros-discovery"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/366284","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=366284"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/366284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/366285"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=366284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=366284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=366284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}